- Taking as example the US and UK legislations, Spain now makes a distinction between “accredited investors” and non accredited ones (i.e. retail investors). According to the new rules, are eligible to become accredited investors:
-The medium and large enterprise with at least assets for €1 million, revenues of €2 million or equity capital of € 300,000;
-All the individuals with at least €50,000 income per year or with net assets of minimum €100,000 value.
A significant improvement, also compared to other regulations in the EU, is that the Spanish rules allow companies incorporated in any country of the European Union to raise funds through local online investing platforms. This is something new to crowdfunding regulations that have been published so far in the world: an important initiative to make this market a little bit more international.
Munoz, R. (2015). El Parlamento amplía los límites de la financiación por ‘crowdfunding’.
About the author - Irene Tordera
Born and raised in Milan, Italy, Irene is an International Business graduate, with a strong interest for innovative ideas that can simplify our lives.
During her studies, she co-founded an online community for sportspeople and worked in marketing positions at Ogilvy & Mather Advertising and at the European Business Angel Network, in Brussels. She is a passionate blogger about crowdfunding and the startup ecosystem.